Vote in Parliament on 2019 budget, scheduled for Friday

Parliament’s vote on the draft state budget law and the State Social Security Budget Act 2019 is scheduled for Friday, according to the schedule set by the Senate and the Chamber of Deputies.

Under the calendar, parliamentarians will be able to table amendments by Monday at 12:00.

The standing committees will meet on Monday at 15:00 to okay the projects, and at the same time the commissions for the budget, which will be preparing the fund report, will be working by Wednesday at 15.00.

Debates in the Parliament’s plenary on the draft budget will begin on Wednesday at 15.00 and the final vote is scheduled for Friday.

On Friday, the Government approved the drafts on the State Budget Law and the State Social Security Budget Act 2019. Finance Minister Eugen Teodorovici announced that the draft budget is based on an economic growth of 5.5pct, which means a gross domestic product of 1,022.5 billion lei, a gross average salary of 5,163 lei and the number of employees in the economy will reach 5.282 million. The budget deficit was set at 2.55pct of GDP.

Ministry of Finance posts new draft budget: Deficit of 36.15bn lei from 34.85bn lei in previous version

The new Draft Budget Law, posted on Friday night on the website of the Ministry of Finance, provides for a deficit of the state budget of 36.157 billion lei, by 1.3 billion lei higher than in the version the previous one, of 34.857 billion lei.

“The state budget is set at revenues of 164,543.4 million lei, 258,735.1 million lei in terms of expenditures, commitment loans of 200,700.2 million lei, with a deficit of 36,156.8 million lei,” the draft mentions.

According to the new report on the macroeconomic situation in 2019, the Gross Domestic Product is set at 1.022 billion lei, the economic growth at 5.5pct, inflation at 2.8pct, the revenues of the general consolidated budget to 342.675 billion lei (33.5pct of GDP), deficit of 26,118 billion lei, or 2.55pct of GDP, 287,000 unemployed and a monthly salary of 3,085 lei.

The draft budget published on 31 January provided for the revenues of the general consolidated budget at 341.51 billion lei, 33.4pct of GDP and 367.628 billion lei in expenditures, representing 35.9pct of GDP.

Reactions

Tomac: PMP prepared about 2,500 amendments on budget; we’ll fight for each one of them

People’s Movement Party (PMP) Chairman Eugen Tomac announced on Facebook on Sunday that the party he is running has concluded the preparation of about 2,500 amendments to the Budget Law, pointing out that the party will fight for each one of them.

Tomac maintains that the budget proposed for 2019 is one of “recession” and doesn’t solve any of Romania’s great problems.

“Same as last year, these are inspired by PSD’s [Social Democratic Party] promises, of those who dare to lie to us for years, the reality being increasingly more concerning. It is a budget of recession, a budget not solving any of Romania’s great problems. We must allot money for nursery schools and kindergartens, we must allot money for ambulances, we must allot money for infrastructure: the Capital ring road, the Bucharest-Brasov motorway, the Iasi-Targu Mures motorway, we must allot money for the gas supply of Romania. It is unacceptable that in the 21st century we have in Romania town and communes that are not connected to the gas networks,” Eugen Tomac wrote.

He maintains that the budget is “a Dragnea brand catastrophe.”

“PMP will fight for each one of the prepared amendments and we hope they will be supported by parliament members from other parties,” the PMP leader added.

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